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November 2008 From News
The on-air “merger” between Sirius and XM Satellite Radio took place Wednesday, and the combined company announced new lineups. Some channels and personalities have left the company, while other channels have now become available on both services, while still more are now available on “Best of XM” and “Best of Sirius” packages. Among those now available on both services are channels based around Bruce Springsteen, Eminem, Willie Nelson, B.B. King and sports host Chris “Mad Dog” Russo. The change comes as the combined company continues to struggle under a mountain of debt and a plunging stock price. Subscription fees, the company, will
November 2008 From News
Their corporate merger closed last week, but the actual on-air merger of Sirius and XM Satellite Radio will begin this Wednesday. That’s according to a report by the Rock Daily blog on Rolling Stone magazine’s Web site. The merge will not be total at first, but certain personalities from Sirius will become available on XM, and vice versa. The official new lineup has not yet been announced.
October 2008 From News
Fresh off the approval of its merger, Sirius XM Radio is facing another big challenge: an extraordinarily large debt. The combined satellite radio firm will have $1 billion in debt next year, BusinessWeek reported. This is is among the company’s woes, which also includes a tanking stock price and a faltering overall economy that has consumers skimping on extra accessories in their cars and elsewhere. CEO Mel Karmazin told the magazine that the company will find a way to find necessary funding, and will avoid bankruptcy.
October 2008 From News
For the first time since the closing of the satellite radio merger this summer, subscribers of Sirius Satellite Radio can now receive some XM channels, and vice versa. According to Reuters, Sirius subscribers who pay $17 a month will now have access to Oprah Winfrey’s channel, as well as basketball and hockey broadcasts. Meanwhile, erstwhile XM subscribers can now hear Howard Stern for a slightly higher fee. However, full access to both services will have to wait until next year. For more information, visit www.sirius.com/bestofxm
September 2008 From News
The CEO of the newly combined Sirius XM Radio had harsh words for his competition this week, telling analysts that terrestrial radio “sucks” from an investment standpoint and that satellite radio is more worthy of respect from investors. According to Reuters Mel Karmazin told analysts at a Merrill Lynch conference that growth has stopped for the terrestrial radio industry, and that Sirius XM is raising more revenue than any radio company in the country aside from Clear Channel. Karmazin added that a la carte pricing will debut for Sirius XM Oct. 6. The talk, however, did little to prevent the company’s
August 2008 From News
The FCC has launched a Notice of Inquiry to consider the question of whether dual radio tuners receiving signals for Sirius XM radio must also include an option for HD Radio. The launch of such an inquiry was required, within 30 days of passage, in XM and Sirius Satellite Radio’s merger agreement. According to Ars Technica, those pushing for the inclusion of iBiquity’s HD Radio technology include iBiquity itself as well its investor Clear Channel, in addition to some public radio stations and lawmakers. Some carmakers, however, have opposed the idea. The notice was included in the final merger agreement in lieu of
August 2008 From News
While the merger between XM and Sirius has been approved, those hoping to take advantage of programming options from both services will have to wait until next year for a dual-mode device to become available, Fortune magazine reported Friday. The reason for the delay is that the companies and those that work with them were unable to work on a dual receiver, on the chance that the merger had been rejected. The news came from CEO Mel Karmazin in a call with analysts Thursday; it had been presumed by most observers that the dual receivers would be available sooner, perhaps prior to the
July 2008 From News
At last putting an end to a regularly process that lasted well over a year, the Federal Communications Commission on Friday gave final approval to the merger between satellite radio companies XM and Sirius, the Associated Press reported. The approval, which came by a 3-2 party-line vote, took place after the companies agreed to settle past fines of more than $20 million. Did you think the merger would be approved? Talk about it in the E-Gear forums.
July 2008 From News
The commissioners of the Federal Communication Commission have reached a tentative deal to approve the merger of XM and Sirius Satellite Radio, the commission confirmed to the Wall Street Journal on Wednesday. “Outstanding enforcement issues” remain, but approval would mean the end of the 17-month merger process. The deal came together when Commissioner Deborah Taylor Tate agreed to cast the deciding “yes” vote, in exchange for the companies agreeing to pay more than $20 million in fines for past violations. XM and Sirius are expected to enter a consent decree, with XM paying $17.5 million and Sirius about $2 million. Earlier in
July 2008 From News
An FCC commissioner who is considered a swing vote on the question of the XM/Sirius merger now says he would support the merger, provided additional conditions are attached. The AP reported late last week that commissioner Jonathan Adelstein, a Democrat who was considered one of two swing votes on the five-member commission, offered to vote yes on the merger if the companies agree to cap prices for six years and make 25 percent of capacity available for public interest/minority programming. The version earlier under consideration had included a price freeze of only three years, and a smaller percentage of capacity for the
